Title of article
Local risk aversion in the rank dependent expected utility model: First order versus second order effects
Author/Authors
Jean-Michel Courtault، نويسنده , , Jean-Pascal Gayant، نويسنده ,
Issue Information
روزنامه با شماره پیاپی سال 1998
Pages
6
From page
207
To page
212
Abstract
We evaluate locally the risk premium of a lottery in the framework of the RDEU model as the sum of two terms. The first is a measure of risk aversion, while the second is a measure of spreading aversion.
Keywords
Local risk aversion , Rank dependent expected utility modeL Risk premium
Journal title
Economics Letters
Serial Year
1998
Journal title
Economics Letters
Record number
434550
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